XM Review
Trust Score: 85/100
Beginner-friendly global broker with a $5 minimum deposit, huge educational library, and 10M+ clients in 190 countries.
Visit XM →Spreads by Pair (Pips)
EUR/USD
1.6
GBP/USD
1.8
USD/JPY
1.7
XAU/USD
25
US OIL
4
BTC/USD
35
Trading Conditions
Min Deposit
$5
Max Leverage
1:888 (offshore) / 1:30 (CySEC retail)
Avg Spread
1.6 pips
Commission
$0 (Standard), from $3.50/lot (Zero)
Broker Details
Minimum Trade Size
—
Maximum Leverage
1:888 (offshore) / 1:30 (CySEC retail)
Minimum to Open Live
$5
Established
—
Address
—
Contact
—
Regulators
CySEC (Cyprus), ASIC (Australia), IFSC (Belize)
Prohibited Countries
—
Dealing Desk
❌ No
Web Trading
✅ Yes
Mobile Trading
✅ Yes
Trading Instruments
Currencies
—
Cryptocurrencies
—
CFD
—
Trading Conditions & Methods
EAs/Robots: YesNews Trading: YesScalping: YesCopy Trading: No
Deposit Methods
—
Withdrawal Methods
—
Pros & Cons
✅ PROS
- + Extremely low $5 minimum deposit
- + excellent educational resources
- + large, established client base
- + no swap Islamic accounts available.
❌ CONS
- - Standard account spreads are wider than ECN-style competitors
- - only MT4/MT5 (no cTrader)
- - leverage capped at 1:30 for EU clients.
About XM
XM has built its reputation on accessibility, with an entry deposit of just $5 and one of the most extensive free education and webinar programs in the industry. It serves over 10 million clients worldwide and is a common first broker for new traders.
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Quick Facts
Founded—
Headquarters—
Regulation
CySEC (Cyprus)ASIC (Australia)IFSC (Belize)
Platforms
MT4MT5
Islamic AccountNo